20.04.2023 2'

New Login Process for QIs

With this short update we would like to inform all QIs on the new login process for the QI Application and Account Management System.

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The IRS has announced that starting May 16, 2023, all QIs must use the new ID.me platform to access their user accounts in the QI Application and Account Management System (QAAMS). To ensure a smooth migration, we recommend that all users create an ID.me account before May 16, 2023, by following the instructions below.

To protect user data, the IRS has established a two-factor authentication process and requires all QAAMS users to create a new account in the ID.me portal and link it to their existing entity ID in QAAMS. To complete the migration process, follow the instructions below:

  1. Go to the QAAMS login page and click the “Create ID.me Account” button. It is important to start the process via this button, as this is the only way to obtain ID.me access under the simplified procedure available for non-U.S. users.

  2. Follow the login procedure, including SMS authentication via cell phone number or other methods. Use the same email address, first and last name you entered in the QAAMS.

  3. Once your account is opened, you will be redirected back to the QAAMS.

  4. You should now have access to the entity account in the QAAMS.

News

18.05.2026 3'

Submission of Forms 1042-S through IDES for Foreign Filers

With this newsletter, we would like to inform you about the IRS announcement of May 4, 2026, which introduced a new registration system for foreign filers in IDES (International Data Exchange System) enabling foreign filers to obtain a IDES TCC for the submission of Forms 1042-S after the upcoming FIRE (Filing Information Returns Electronically) Retirement by the end of 2026.
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30.04.2026 3'

2026: CRS Reporting Reminder

Since the deadline for filing the CRS reporting is approaching, we would like to inform all Swiss financial institutions on their CRS reporting requirements and some specific updates relevant for the tax year 2025.
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20.04.2026 4'

2026 New IRIS System and Approval of PQS as Authorized 1042-S and 1099 Transmitter

With this newsletter, we would like to inform you about the significant changes in the filing obligations of the Forms 1042-S and 1099, which will have an impact on many filers such as Qualified Intermediaries (“QIs”) (including Qualified Derivatives Dealer (“QDDs”) ), Withholding Foreign Partnerships (“WFPs”), Withholding Foreign Trusts (“WFT”) and other Withholding Agents (“WA”) as well as our new transmission service for Forms 1042-S and 1099.
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